About 1,100 oil and gas workers lost their jobs in February, as low crude prices spurred energy companies to lay down rigs and lay off employees. More »
Natural gas in working storage fell by 228 billion cubic feet to a total of 1.71 trillion cubic feet in the week ending Feb. 27, according to U.S. Energy Information Administration data. More »
AUSTIN – Despite falling oil prices, production cutbacks and persistent safety concerns, rail officials plan to continue shipping millions of gallons of volatile crude oil from the Bakken region of North Dakota through Texas, according to updated records provided by state officials on Wednesday. Average weekly volumes reflect little change from a first batch of […] More »
Via Collin Eaton, FuelFix: HOUSTON – Nabors Industries has cut 12 percent of its 29,000-employee workforce as oil producers continue to send U.S. land rigs to the sidelines, the drilling contractor’s CEO said Tuesday. That includes a 10-percent cut from its sales staff and a 20-percent reduction in its U.S. drilling workforce, or about 3,480 […] More »
That question, “now what?”, is a scary thing, because it implies uncertainty, and for some that implies failure. More »
Texas power plants should be able to meet spring and summer electricity demand, the state’s grid operator said Monday. More »
Many Texans have seen this movie before, and some of us have seen it several times. Until the commodity cycle turns, as it always does, refocus on the basic blocking and tackling of running a business. Take protective measures to guard against avoidable losses.
Although the Salem witch trials took place in the 1690s, witch hunts are still used as a tactic of social persecution and a means to censure and demonize those who do not conform to the climate orthodoxy. From Salem to McCarthyism to today’s increasingly strident attacks on so called “climate skeptics,” witch -hunts are a […] More »
On Tuesday, the company reported a net loss of $104 million in the fourth quarter of 2014. It had a $91 million loss during the same period a year ago. More »
This week I answer a reader email from someone who has unfortunately been caught up in the industry’s reaction to plunging oil prices. More »
The federal government predicts that trains hauling crude oil or ethanol will derail an average of 10 times a year over the next two decades, causing more than $4 billion in damage and possibly killing hundreds of people if an accident happens in a den… More »
The central issue blocking a settlement is not safety, fatigue, healthcare or wages, the statement said. More »
The United Steelworkers union has expanded its strike to the Motiva Enterprises refinery in Port Arthur. More »
The decision by the Organization of Petroleum Exporting Countries’ (OPEC) decision to favor a market-share approach rather than defend prices – and the subsequent fall in oil prices– has prompted a drop in drilling activity in the United States and layoffs in the oil and gas sector. While the U.S. economy benefits from falling oil […] More »
Emergency crews and environmental officials are responding to a train derailment in West Virginia that sent at least one tanker containing crude oil into a river and also caused a nearby house to catch fire.